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Businesses see GDP growth racing past official forecasts

BT-SUSS poll of 164 firms yields 2017 range of 3.4-3.7%, compared with govt's 2-3%

Published Wed, Nov 15, 2017 · 09:50 PM

Singapore

THE Singapore economy could blow past government forecasts to bring 2017's full-year gross domestic product (GDP) growth to between 3.4 per cent and 3.7 per cent, says the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Q3 survey.

This range is above and beyond the official forecast for GDP growth, which is expected to come in at the upper end of the 2 per cent to 3 per cent range for the year.